The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (3882)	11/1/2019 11:28:54 AM
From: Elroy Jetson	of 13801

That's the exact opposite of our experience in California. In Los Angeles our power and water is reliably and inexpensively supplied by a city-owned utility DWP. In many ways the history of Los Angeles is the DWP which allowed us to build a mega city in the desert. In northern California they have a private company PG&E and even moved to a free-market purchase of electricity to make it even more 'free markety', and the result has been blackouts, chaos, poor maintenance, black-outs, explosions, and high rates. I had a job at PG&E during the summers while I went to college, and the place was as fat and happy as any monopoly could be. It's not the outcome a political hack would have predicted. Political hacks tell us happiness lies in selling off the DWP so Los Angeles can get 'free markety' too. No thanks. With PG&E in bankruptcy, if people in Northern California have any sense the rate payers will buy PG&E out of bankruptcy and run it for their own benefit as we do in Los Angeles. Homes sell for more in Los Angeles if they're in DWP territory than they do a short distance away where the electricity supplier is a private company. People vote with their feet and their Dollars.

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